AuditVisor offers a comprehensive suite of System and Organization Controls (SOC) audit services to help businesses meet rigorous compliance standards and demonstrate their commitment to security, confidentiality, and privacy. Whether your organization handles financial data, manages critical infrastructure, or ensures cybersecurity resilience, our SOC services provide the assurance needed to build trust with clients and stakeholders. Explore the SOC reports below to learn which one is the best fit for your business needs.
We provide certification audits for the most widely recognized ISO standards, ensuring that your organization is aligned with best practices across various fields. Explore our ISO audit services below:
SOC 1 focuses on controls related to financial reporting. This audit is essential for organizations providing services that impact the financial statements of their clients. SOC 1 reports are commonly requested by clients in sectors like finance, payroll, and human resources.
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SOC 2 reports evaluate an organization’s controls in areas like security, availability, processing integrity, confidentiality, and privacy. This is critical for service providers handling sensitive data, particularly in technology, cloud computing, and data management sectors.
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SOC 3 reports are a more generalized version of SOC 2, intended for organizations that want to publicly share their commitment to sound controls without disclosing sensitive details. SOC 3 reports are perfect for companies needing to broadcast their security measures to a broad audience.
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SOC for Supply Chain focuses on evaluating the controls in place across an organization's supply chain. This audit is crucial for manufacturing, logistics, and supply chain service providers, as it provides assurances about security, availability, and confidentiality in the supply chain operations.
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Designed for organizations managing critical digital infrastructure, SOC for Cybersecurity helps businesses demonstrate that they have implemented effective cybersecurity risk management controls. This report is especially relevant for IT services, cloud providers, and any entity exposed to cyber threats.
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Our SOC audit process follows a structured dataflow to ensure every aspect of your controls is evaluated:
We begin by assessing your current controls and identifying gaps based on the specific SOC audit you require. This includes defining the scope and preparing your organization for the audit.
Our auditors examine your controls against the relevant standards, ensuring they align with financial reporting needs (SOC 1), trust service criteria (SOC 2), or specific requirements like cybersecurity (SOC for Cybersecurity) and supply chain management (SOC for Supply Chain).
Our team conducts fieldwork to test the operational effectiveness of your controls over a specified period. We verify the implementation of the necessary processes and procedures.
After gathering evidence and conducting tests, we deliver a detailed report outlining the findings, any deficiencies, and areas of improvement. For SOC 2 and SOC 3, we provide tailored recommendations to enhance security and operational performance.
with Big 4 experience and expertise in SOC reporting.
of all SOC frameworks to address specific business needs.
with a presence across multiple regions, ensuring compliance with international standards.
tailored to fit your organization’s unique challenges and requirements.
SOC compliance demonstrates your organization’s commitment to safeguarding data and ensuring strong internal controls, building confidence with clients, partners, and stakeholders.
SOC audits help identify and address potential risks, allowing your organization to strengthen its processes and security measures, reducing vulnerabilities and operational risks.
Achieving SOC compliance helps meet industry regulations and standards, ensuring your organization adheres to legal requirements and avoids penalties for non-compliance.
SOC compliance drives the implementation of best practices, optimizing internal processes and improving overall operational performance, leading to better resource management and accountability.
Any organization that provides services impacting their clients' financial statements may require a SOC 1 audit. This includes businesses in industries like payroll processing, data hosting, financial services, and other outsourced service providers. A SOC 1 report is typically requested by clients to ensure that the service organization's controls are designed and operating effectively.
A SOC 1 Type I report provides an assessment of the design of controls as of a specific date. It evaluates whether the controls are suitably designed to achieve the desired objectives.
A SOC 1 Type II report goes further by evaluating both the design and operating effectiveness of those controls over a defined period, usually 6 to 12 months. Type II provides greater assurance to clients as it shows how well controls were functioning during that period.
SOC 1 audits are typically performed annually, especially for organizations that provide critical financial services or have client contracts requiring regular compliance. Annual audits ensure that the organization consistently maintains effective internal controls and complies with client and regulatory expectations.
The time it takes to complete a SOC 1 audit depends on the type of audit (Type I or Type II) and the complexity of your controls. A SOC 1 Type I audit can usually be completed within a few months, as it assesses the design of controls at a specific point in time. A SOC 1 Type II audit, which evaluates the operating effectiveness of controls over a period (typically 6 to 12 months), requires more time to complete due to the extended testing period. The readiness of your organization and the thoroughness of documentation also impact the audit timeline.
As a licensed CPA firm, AuditVisor provides comprehensive SOC 1 audit services. Our experienced auditors help you through the entire process, from readiness assessment and gap analysis to remediation support and issuing the final SOC 1 attestation report. We also offer ongoing compliance reviews and control testing to ensure your organization remains compliant year after year.
Preparation is key to a successful SOC 1 audit. Organizations should:
Conduct a readiness assessment to identify gaps in internal controls.
Implement or enhance controls based on SSAE 18 standards.
Document control processes thoroughly.
Train staff on their role in maintaining and executing controls.
AuditVisor can assist with these preparations through our SOC 1 readiness services, helping you build a solid foundation for a successful audit.
SSAE 18 stands for "Statement on Standards for Attestation Engagements No. 18." It is the auditing standard under which SOC 1 audits are performed. SSAE 18 focuses on evaluating internal controls related to financial reporting and ensures that service organizations are adequately protecting their clients' financial information.
A SOC 1 audit provides your clients with assurance that your organization has effective internal controls to safeguard their financial data. It helps your clients meet their own compliance and regulatory requirements by ensuring that your services do not introduce risk into their financial reporting processes. Additionally, having a SOC 1 report demonstrates transparency, trustworthiness, and a commitment to maintaining high operational standards.
Ensure your organization is operating with the highest standards of trust and compliance. Contact us today to schedule your SOC audit.
Florida, USA
AUDITVISOR LLC
1007 N FEDERAL HWY F2
Fort Lauderdale FL, 33304 United States